https://www.taxtmi.com/caselaws?id=34810 HC held that deduction under Section 80-IA is a special, profit-linked deduction and must be computed after reducing all deductions allowable under Sections 30 to 43D, including depreciation under Section 32, regardless of whether the assessee has "disclaimed" depreciation in the regular assessment. Section 80-IA operates as a self-contained code and cannot be used to confer an unintended additional benefit by manipulating profits. Relying on SC precedents on Chapter VI-A deductions, HC ruled that gross total income for Chapter VI-A must reflect all mandatory allowances. The AO was therefore justified in allowing depreciation and restricting the Section 80-IA deduction accordingly. en-us Fri, 16 Oct 2009 00:00:00 +0530 Fri, 21 Nov 2025 16:01:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34810 HC held that deduction under Section 80-IA is a special, profit-linked deduction and must be computed after reducing all deductions allowable under Sections 30 to 43D, including depreciation under Section 32, regardless of whether the assessee has "disclaimed" depreciation in the regular assessment. Section 80-IA operates as a self-contained code and cannot be used to confer an unintended additional benefit by manipulating profits. Relying on SC precedents on Chapter VI-A deductions, HC ruled that gross total income for Chapter VI-A must reflect all mandatory allowances. The AO was therefore justified in allowing depreciation and restricting the Section 80-IA deduction accordingly. Case-Laws Income Tax Fri, 16 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34810